can he apply for iva ?

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mjkb

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Post by mjkb » Fri Oct 24, 2008 4:51 pm
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if somebody earning £800 per month, and he is under debt of £70,000. can he apply for iva.
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Viki.W

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Post by Viki.W » Fri Oct 24, 2008 5:05 pm
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Hey mikb, welcome to the forum. It really depends on if you could afford to. Would you like to post some more details and the experts can help further. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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MelanieGiles

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Post by MelanieGiles » Fri Oct 24, 2008 6:24 pm
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I would doubt whether someone earning such a low amount would have the disposable income to make a serious offer in an IVA for £70k of debt, but as Viki says if the expenditure is low and a reasonable disposable income is available, why not?
Regards, Melanie Giles, Insolvency Practitioner
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David Mond

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Post by David Mond » Sat Oct 25, 2008 1:21 am
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Looks doubtful - what is his net disposable income left over to fund an IVA?
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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